Shares of payments platform PayPal were up more than 6 percent in after-hours trading Wednesday after it reported quarterly earnings and revenue that beat analysts' expectations.
PayPal posted fourth-quarter earnings per share of 36 cents on revenue of $2.56 billion. Analysts had expected the company to report earnings of about 35 cents a share on $2.51 billion in revenue, according to a consensus estimate from Thomson Reuters.
The results mark 21 percent revenue growth and 27 percent EPS growth on an adjusted, currency-neutral basis. PayPal's board also authorized a $2 billion stock buyback program.